HMRC Fools Day Deadline Set Up Payment Plan To Avoid Late Penalties

A press release issued today by HMRC is advising taxpayers to pay any outstanding tax liabilities or set up a payment plan by the 1^st April 2021 to avoid a 5% late payment penalty.

Due to the impact of the pandemic HMRC gave taxpayers more time to pay any outstanding tax liabilities or set up a payment plan.

Around 117,000 taxpayers took the opportunity and set up a self-serve 'Time to Pay' arrangement online totalling more than £437 million in taxes due.

Using this arrangement means taxpayers can spread the cost of their tax bill and pay in monthly instalments until January 2022 reducing the burden for many.

Taxpayers that are worried about paying their tax and are unable to set up a payment plan online have been advised by HMRC to contact them for help and support on 0300 200 3822.

Comment

You need to move quickly by either setting up a payment plan or contacting HMRC as soon as possible.